Wise investors are heading to South Florida's West Palm Beach to purchase rental properties.
According to the latest MarketPulse report, capitalization rates of 12.4 percent in West Palm Beach are the highest in the country. The cap rate for West Palm Beach single-family homes is 3.8 percent higher than the January 2012 national average cap rate of 8.6 percent.
Across the country, rental demand is high and supply is low. If you are a single-family home investor, now is an ideal time to consider purchasing a home in West Palm Beach.
Historically a place of wealth and a holiday destination for royalty and celebrities, West Palm Beach continues to enchant residents and tourists with beautiful beaches and a tropical climate.
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